Prescription:AA300 Cost Accounting

Aim of Module	To provide students with the necessary knowledge and skills to enable them to function effectively in association with management accounting specialists at middle level.
Credits	7
Suggested Time	70 student learning hours
Prescription Expiry Date	Nov 2002

Level and Assessment Schedule
Topics	Highest Skill Level	Suggested Assessment Percentage
1 Cost Accounting	A	100
		100

The Student Will

1  Cost Accounting

A	1.1	Elements of Cost
		-Explain the role of a cost/management accountant.
		-Describe and distinguish between cost centres and profit centres.
		-Describe and distinguish between non-controllable and controllable costs at various levels in an organisation.
		-Identify the various product cost elements (materials, labour and overheads) and distinguish between direct and indirect costs.
		-Calculate predetermined overhead recovery rates and identify methods of disposing of over/under applied overheads.
		-Calculate charge-out rates.
		-Prepare a statement of cost of goods manufactured.
A	1.2	Cost/Volume Profit Relationships
		-Define and differentiate between fixed and variable costs.
		-Segregate mixed costs into their fixed and variable components using the \\

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Note
	TUTOR REFERENCES
	MATZ & USRY	Cost Accounting, Planning and Control, 8th Edition
	HORNGREN	Cost Accounting, A Managerial Approach, 5th Edition
	MCNEISH	Cost Accounting Questions